DryShips celebrates best quarterly result to date
DRYSHIPS chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.
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European and Asian stock markets rally in response to efforts by world leaders to stem the financial turmoil.
The UK government says it is to inject a total of up to 37bn into Royal Bank of Scotland, Lloyds TSB and HBOS.
American Paul Krugman has won this year’s Nobel economics prize for his work on trade patterns, it has been announced.
News, explainers and analysis see full coverage of the global turmoil
Japanese bank Mitsubishi UFJ buys a 21% stake in Morgan Stanley for $9bn after securing more favourable terms..
Iceland’s stock exchange says trading will remain suspended on Monday due to continuing “unusual market conditions”.
Germany, France and Spain announce financial rescue schemes to shore up their banking systems.
US banking regulators need a “dramatic overhaul”, according to Harvey Pitt who used to run one of them.
US Federal Reserve approves a $12bn takeover of troubled bank Wachovia and it subsidiaries by Wells Fargo.
The world is facing financial “meltdown”, the International Monetary Fund warns, as it offers help to credit-starved countries.
The national debt clock in New York runs out of digits to record the spiralling figure.
Share ThisPrice of litre of petrol tops 1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden.
The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden.
Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.
Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn.
Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its 2.7bn acquisition of ICI’s National Starch adhesives business early next year. By David Gow.
British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo.
Outlook at fashion chain Next ‘uncertain’ in run-up to Christmas, company warns. By Julia Finch.
Cable group Virgin Media added 13,000 new customers in the third quarter of the year. By Chris Tryhorn.
King: ‘No disagreement with chancellor’ Authorities knew savers had insufficient protection
Record label Universal Music Classics & Jazz is making its entire catalogue available online without copy protection as part of an experiment to gauge fans’ demand for MP3 tracks. By Katie Allen.
ITV’s share price fell to an all-time low after it emerged the company wants BSkyB to sell its 17.9% stake. By Chris Tryhorn and Katie Allen.
News Corporation has overridden the wishes of Dow Jones shareholders the Bancroft family by appointing a 27-year-old opera singer with little experience of the media to represent the family on its board, according to reports.
Share ThisSHIPOWNERS who have tonnage entered mutually in Gard P&I Club, one of the world?s top two such organisations, are to receive a total $9m ?give back?.
THE financial restructuring of government-owned Hindustan Shipyard has been delayed further and referred to a group of ministers after suggestions that its expansion plans could cause national security concerns.
JINHUI Shipping and Transportation, the Oslo-listed Hong Kong bulker operator, saw net profit surge 109% to $12.8m in the first quarter buoyed by soaring charter rates. Turnover climbed 49% to $54.3m.
DRYSHIPS chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.
IMPROVED results for the first quarter of 2007 have been unveiled by the Piraeus Port Authority, the corporation in charge of Greece?s largest port.
SUE Langley, one of the most high profile personalities in the London market, is to join Lloyd?s to raise operational competitiveness and ensure a focus on North American business, which supplies 40% of revenue at Lloyd?s, writes James Brewer.
DEMAND for tankers to act as floating storage units in the Black and Baltic seas is bound to pick up after the Russian government introduced tax breaks.
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Share ThisPrice of litre of petrol tops 1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden.
The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden.
Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.
Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn.
Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its 2.7bn acquisition of ICI’s National Starch adhesives business early next year. By David Gow.
British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo.
Outlook at fashion chain Next ‘uncertain’ in run-up to Christmas, company warns. By Julia Finch.
Cable group Virgin Media added 13,000 new customers in the third quarter of the year. By Chris Tryhorn.
King: ‘No disagreement with chancellor’ Authorities knew savers had insufficient protection
Share ThisAre you a employment owner? If since, what type of calling fulfill you own? Whether you fall a trifling office, a retail store, or any other type of calling, does your office have an air purifier? If not, you are advised to seriously imagine about purchasing one. Touching a close examination, you will likely find that you, your craft, and your employees incubus favorable from the habit of an air purifier.
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durable card, that doesn ” t get ‘ dog eared ‘ easily and are
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TMT boss maintains a low profile
NOBU Su has made scant details about his background available to the shipping press, writes Paul Tugwell.
